Is Bemo Investment Firm LTD Reliable Broker? A Detailed Review of bemoinvestmentfirmltd.com

Welcome to Bemo Investment Firm LTD review. The company attempts to attract clients with claims of official registration and licensing, promises of trading on a unique platform, and a client-oriented approach. However, even a quick look at the official website and the information provided there convincingly shows that the project was created by scammers. The only thing awaiting traders here is the complete loss of the funds sent to the account. We present several compelling arguments proving this point below.

Is Bemo Investment Firm LTD a Trusted Platform?

Official registration of the broker and the presence of a license are the main questions traders ask when choosing a company for trading. At first glance, Bemo Investment Firm LTD seems to be in perfect order with these aspects. The owners of the platform even provided a real address in Dubai (UAE).

Verification confirms that such a company does exist in Dubai, operates under a license, and provides financial and investment services, including brokerage activities in financial markets.

However, much to the dismay of the creators of Bemo Investment Firm LTD, the legitimate company has no connection whatsoever to the subject of our review. The existing firm in the UAE is a real bank in Dubai, operating in the UAE since 1968 and having several branches in different countries around the world. Its official website, bemobank.com, provides comprehensive information about the history and structure of the organization. However, there is no mention of a separate division offering Forex and CFD brokerage services.

The conclusion is clear: the creators of this fraudulent project found the details of a real firm in the UAE and attempted to cover their platform’s activities under its name. This might work for novices, but it is much harder to deceive experienced traders.

Concerned About Withdrawal?

To start trading with Bemo Investment Firm LTD broker, you need to open an account and fund it with at least the minimum deposit of 100 euros. We were more interested in the methods and conditions for performing financial transactions. In the footer, there is a document regulating deposits and withdrawals. It is quite remarkable.

You can only fund your account with debit/credit cards or cryptocurrency wallets. Naturally, no one bothered to provide the account details in an open access format. We couldn’t see them in the personal account either, as we were unable to complete the registration independently.

You can only withdraw to cards the amount deposited within the last 3 months. Larger amounts are paid out via bank transfer or another method available to the trader.

Interestingly, according to the allowed payment options, this “other method” appears to be a payout in cryptocurrencies. It turns out that broker Bemo Investment Firm LTD doesn’t consider complying with AML policies necessary at all.

Overall, the broker’s financial operations are far from transparent. However, no one expected anything different from such a “reputable” firm.

How Long Does The Broker Work?

The owners of the broker mentioned that the company’s active license was issued back in 2008. They also expect users to check the company’s history on third-party sites, where they would see that the firm was established in 1968.

However, a whois search clearly shows that the domain bemoinvestmentfirmltd.com was registered quite recently – on April 29, 2024. This indicates that the broker began operations just over three weeks ago. It is evident that a company existing since 1968, with a license dated 2008, would not have waited until April 2024 to start providing online brokerage services. This is yet another confirmation of using someone else’s name for a fake online platform.

Other Signs of Fraud

❗ Users cannot open an account independently – the registration form includes a mandatory “Registration Code” field. Naturally, this code can only be obtained by contacting Bemo Investment Firm LTD’s support service.

❗ The Terms & Conditions state in the Governing Law section that dispute resolution occurs in Hungarian courts. And this is for a company supposedly registered and licensed in Dubai? Nonsense.

❗ Bemo Investment Firm LTD’s support promises traders assistance directly on their equipment. For this, they need to download and install AnyDesk or TeamViewer software. No one warns that these “assistants” will have full access to all client data, including payment information.

Bemo Investment Firm LTD Review Conclusions

In our opinion, trusting this broker would be a huge mistake. We do not recommend depositing funds here if you want to keep your money safe.

➕Low minimum deposit.

➖Lack of license license.

➖Registration issuess.

➖Short lifespan.

FAQ

Brief Conditions